Versión de HTML Básico
Table A.5. Cointegration Test. California and Sonora Value per hectare
Sample (adjusted): 1998 2013
Included observations: 16 after adjustments
Trend assumption: No deterministic trend
Lags interval (in first differences): 1 to 2
Unrestricted Cointegration Rank Test (Trace)
Hypothesized
Trace
0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None *
0.511151 13.42576 12.3209
0.0325
At most 1
0.116097 1.974519 4.129906
0.1884
Trace test indicates 1 cointegrating eqn(s) at the 0.05 level
* denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Source : Ow n estimates, based on Banco de México, BLS, SIACON and USDA.
Table A.6. Cointegration Test. California and Sonora Price
Sample (adjusted): 1998 2013
Included observations: 16 after adjustments
Trend assumption: Linear deterministic trend (restricted)
Lags interval (in first differences): 1 to 2
Unrestricted Cointegration Rank Test (Trace)
Hypothesized
Trace
0.05
No. of CE(s) Eigenvalue Statistic Critical Value Prob.**
None *
0.715496 29.20394 25.87211
0.0185
At most 1
0.433478 9.091818 12.51798
0.1748
Trace test indicates 1 cointegrating eqn(s) at the 0.05 level
* denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Source : Ow n estimates, based on Banco de México, BLS, SIACON and USDA.